[2] Medschool.com Attracts Top Financial Professionals; Hiring of Renee Compton Brings Deep Industry Domain Knowledge to Strengthen Company's Business Development.Business Editors SANTA MONICA Santa Monica (săn`tə mŏn`ĭkə), city (1990 pop. 86,905), Los Angeles co., S Calif., on Santa Monica Bay; inc. 1886. Tourism and retailing are important, and the city has motion-picture, biotechnology, and software industries. , Calif.--(BUSINESS WIRE)--March 7, 2000 Medschool.com, the leading e-learning company for medical students, educators and health-care professionals worldwide, today announced that it has hired Renee Compton as vice president of business development. Compton, who leaves her position as a vice president in the health-care investment banking practice at Goldman Sachs The Goldman Sachs Group, Inc., or simply Goldman Sachs (NYSE: GS) is one of the world's largest global investment banks. Goldman Sachs was founded in 1869, and is headquartered in the Lower Manhattan area of New York City at 85 Broad Street. , brings proven financial expertise and extensive contacts in the e-health space to the company. Compton's hire comes on the heels of Medschool.com's announcement on Thursday, Feb. 24, that the company secured an additional round of funding, bringing the total to-date to $12 million. The secured round comes from individual and institutional investors Institutional Investor A non-bank person or organization that trades securities in large enough share quantities or dollar amounts that they qualify for preferential treatment and lower commissions. from medical publishing, e-health, biotechnology and telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. . This represents both a significant injection of capital as well as access to an influential brain trust for the company. Select investors include Dr. Richard C. Atkinson Richard C. Atkinson (born March 1929) served as the president of the University of California from 1995 to 2003. Currently, he serves on the Board of Trustees of the La Jolla Country Day School [1]. , president of the University of California The University of California has a combined student body of more than 191,000 students, over 1,340,000 living alumni, and a combined systemwide and campus endowment of just over $7.3 billion (8th largest in the United States). system; Eric Zachs, general partner of Bantry Bay Bantry Bay, inlet of the Atlantic Ocean, 21 mi (34 km) long and 4 mi (6.4 km) wide, Co. Cork, SW Republic of Ireland. It is one of Europe's best natural anchorages. At the head of the bay is Bantry. Ventures; and Dr. Eugene Seymour, a physician entrepreneur who holds nine U.S. patents in the medical diagnostic field. Compton will further solidify so·lid·i·fy v. so·lid·i·fied, so·lid·i·fy·ing, so·lid·i·fies v.tr. 1. To make solid, compact, or hard. 2. To make strong or united. v.intr. the existing management team, who, along with an elite board of advisors and industry-savvy financial backers, will create the premier e-learning platform for health care. Compton will develop and implement corporate strategy, build strategic partnerships and pursue alliances and acquisitions for Medschool.com. "Renee's addition to the company at such a crucial stage is a tremendous validation of our business model, and will bring great momentum to the company," said Dr. Vikas Bhushan, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Medschool.com. "The quality of education in health care is paramount, and our platform will deliver universal access to top-notch medical education. Medschool.com's vision and existing team is attracting leading professionals from both the financial and health-care industries." Prior to joining Medschool.com, Compton provided leadership at Goldman Sachs in new business development and transaction execution in both health-care information technology and Internet practices. Some of her most recent achievements involve structuring successful IPOs for AllScripts and PlanetRx.com, and negotiating McKesson HBOC's acquisition of Abaton.com. "I believe Medschool.com is poised to become the leading site for all medical education needs," said Compton. "I'm excited to join them at a time when I can make a significant impact on the direction and future of the company." Compton began her career in investment banking at Cowen & Co., in San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden , where she participated in numerous transactions including IPOs, secondary offerings and private placements for emerging growth health care and technology companies. Compton received her bachelor of arts degree in economics from Georgetown University Georgetown University, in the Georgetown section of Washington, D.C.; Jesuit; coeducational; founded 1789 by John Carroll, chartered 1815, inc. 1844. Its law and medical schools are noteworthy, and its archives are especially rich in letters and manuscripts by and in Washington D.C., and her MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration in finance from Columbia Business School Columbia Business School (part of Columbia University), officially named the Columbia University Graduate School of Business, and also known as CBS, was established in 1916 to provide business training and professional preparation for undergraduate and graduate . Select Medschool.com Investors Include: -- Dr. Richard C. Atkinson -- Dr. Atkinson is the current president of the University of California system. He has also served as Chancellor of the University of California, San Diego and director of the National Science Foundation. Prior to that, he was a member of the faculty at Stanford University. -- Dr. Eugene Seymour -- Dr. Seymour is a physician entrepreneur who holds nine U.S. patents in the medical diagnostic field and is the founder of a medical diagnostics company. He has practiced medicine, performed clinical research, and taught at both the UCLA School of Medicine and the USC School of Gerontology. -- Eric Zachs -- Zachs is the general partner of Bantry Bay Ventures, a private venture capital firm, and serves on Medschool.com's board of directors. Zachs founded and is co-chairman of ZipLink (Nasdaq:ZIPL). ZipLink is a national Internet backbone provider of wholesale access solutions for Internet appliances worldwide. -- The Audax Group -- a private investment group including former partners at Bain Capital. -- Blackwell Science Ltd. -- a top-five global medical publisher based in Oxford, United Kingdom. -- Cornerstone Equities LLC -- a private Colorado-based venture capital firm that invests in seed, early and growth stage companies. About Medschool.com Medschool.com (www.medschool.com) is a content-rich e-learning health-care hub and virtual community offering access to the highest quality medical education to students, educators, physicians, allied health professionals and sophisticated consumers. The company is working with key academic advisors at leading institutions, including Yale, Oxford, Cambridge, and U.C. San Francisco. Medschool.com has assembled a team of world-renowned lecturers in cooperation with student and professional organizations to provide an integrated learning and community platform that augments the current medical educational system and addresses critical needs in health-care education. The company has grown from three to 60 employees over a nine-month period, and has offices in Santa Monica and Oxford, U.K. |
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